INTERNATIONAL SOCIETY FOR MINIMALLY INVASIVE CARDIOTHORACIC SURGERY (EIN 411889746) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

NIKOLAOS BONAROS MD

Phone

9789278330

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL SOCIETY FOR MINIMALLY INVASIVE CARDIOTHORACIC SURGERY, founded in 1998, is a small nonprofit in the Medical Research sector that reported $982K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $952K left a modest 3% surplus.

Mission

TO ENGAGE IN, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF EXCLUSIVELY SCIENTIFIC EDUCATIONAL OR CHARITABLE ACTIVITIES AND PROJECTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $330,008

Program Service Revenue $543,517

Investment Income $33,060

Other Revenue $75,263

TOTAL REVENUE $981,848

Expense Breakdown

Grants Paid $32,983

Salaries & Benefits $30,000

Fundraising Expenses $48,212

Program Expenses $705,173

Other Expenses $888,638

TOTAL EXPENSES $951,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$981,848	$839,125	+0.2%
Expenses	$951,621	$987,483	0.0%
Net Income	$30,227	$-148,358	-1.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKOLAOS BONAROS MD	PRESIDENT/PR	2.00	Officer Director	$0	$0	$0
HUSAM H BALKHY MD	PRESIDENT-EL	2.00	Officer Director	$0	$0	$0
GRY DAHLE MD	VP/SECRETARY	2.00	Officer Director	$0	$0	$0
VINOD H THOURANI MD	PAST PRES/PR	2.00	Officer Director	$0	$0	$0
JOERG KEMPFERT MD	SECRETARY/DI	2.00	Officer Director	$0	$0	$0
NIRAV C PATEL MD	TREASURER	2.00	Officer Director	$0	$0	$0
ABBAS E ABBAS MD	TREASURER-EL	2.00	Officer Director	$0	$0	$0
JOHANNES BODNER	THORACIC PRO	2.00	Director	$0	$0	$0
ROBERT CERFOLIO MD MBA	THORACIC PRO	2.00	Director	$0	$0	$0
WING HUNG LAU	THORACIC PRO	2.00	Director	$0	$0	$0
ANTONIOS SIDERIS	THORACIC PRO	2.00	Director	$0	$0	$0
ANTONIOS PITSIS PHD	CARDIAC PROG	2.00	Director	$0	$0	$0
SABINE BLEIZIFFER	CARDIAC PROG	2.00	Director	$0	$0	$0
ANDREA AMABILE	CARDIAC PROG	2.00	Director	$0	$0	$0
JORGE M CATRIP TORRES MD	AT LARGE DIR	2.00	Director	$0	$0	$0
STEPHAN CERNY MD PHD	AT-LARGE DIR	2.00	Director	$0	$0	$0
KEITA KIKUCHI MD PHD	DIRECTOR	2.00	Director	$0	$0	$0
SAHIN SENAY PROF	DIRECTOR	2.00	Director	$0	$0	$0
ERIC J LEHR MD PHD	DIRECTOR	2.00	Director	$0	$0	$0
TOM C NGUYEN MD	DIRECTOR	2.00	Director	$0	$0	$0
MARC RUEL MD MPH	DIRECTOR	2.00	Director	$0	$0	$0
PEYMAN SARDARI NIA MD PHD	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH ZACHARIAS MD	DIRECTOR	2.00	Director	$0	$0	$0
SATHYAKI NAMBALA	DIRECTOR	2.00	Director	$0	$0	$0
SHARON BEN-OR MD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MITZMAN	DIRECTOR	2.00	Director	$0	$0	$0
JENS C RUECKERT MD	DIRECTOR	2.00	Director	$0	$0	$0
NIV AD MD	EDITOR	2.00	Director	$30,000	$0	$30,000
BOB B KIAII MD	PAST PRES (6	2.00	Officer Director	$0	$0	$0
JOEL DUNNING MD	DIRECTOR (6/	2.00	Director	$0	$0	$0
CALVIN S NG MD	DIRECTOR (6/	2.00	Director	$0	$0	$0
JAMES EDELMAN	CARDIAC COCH	2.00	Director	$0	$0	$0
JESSICA FORCILLO	CARDIAC COCH	2.00	Director	$0	$0	$0
PETER KNEUERTZ MD	THOR CO-CHR	2.00	Director	$0	$0	$0
ERIC SCEUSI	THOR CO-CHR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$981,848	$951,621	$755,731	$30,227
2022	$839,125	$987,483	$740,358	$-148,358
2021	$627,772	$497,891	$896,368	$129,881
2020	$331,383	$374,850	$766,974	$-43,467
2019	$1,238,991	$1,151,730	$828,866	$87,261
2018	$1,038,847	$1,117,024	$745,580	$-78,177

INTERNATIONAL SOCIETY FOR MINIMALLY INVASIVE CARDIOTHORACIC SURGERY